COMMERCIAL.

Taranaki Daily News, 16 May 1921, Page 2

COMMERCIAL.

AUSTRALIAN WOOL.

DIFFICULTIES OF FELLMONGERS.

By Telegraph.—Press Assn.—Copyright. Melbourne, May 14. A deputation of fellmongers asked Sir Joseph Cook for the removal of restrictions on fellmongered wool shipped overseas, or failing this that it be taken over by Bawra at fixed prices. Unless something is done to relieve the situation the industry yvill be financially crippled and doomed. Neither the banks nor Bawra would give them advances on the large held-up stocks. Consideration was promised, and the hope expressed that the situation would be relieved through negotiations.

INGLEWOOD SALES.

(From Our Own Correspondent.) On Wednesday there was but a moderate muster of stock and a fair attendance. Jersey Weaner heifers were still the favorites in young stock, realising up to £4 7s. Other heifer calves made from - 15s to 30s, steer calves 14s, In-chlf heifers, 3-year-old, but late, £6 ss, Jersey cow, small, also In calf, £5, in-calf cows £3 to £8 10s, cow just calved £l4 15s, spring heifers £6 to £l2 ss, 2%-year-old bulls £1 17s Cd, store lambs sold for 2s 6d to 4s 6d, and f.m. ewes in lamb 4s 6d, so that no boast can yet be made of the market recovering its tone, though the counter attraction of the Hawera races may have somewhat affected the sale. Saturday’s sale at Newton King, Ltd.’s mart was the smallest for some weeks, but prices were sound for pigs, of which there were not many offered, practically all of one. class, slipes, and they realised from Gs to 12s 6d. The rest of the sale comprised chiefly vegetables, which sold at satisfactory prices, and pears 3s per case, tomatoes 3s. Good sound onions in about 1001 b bags sold for 10s.

N.Z. LOAN AND MERCANTILE AGENCY CO.

The New Zealand Loan and Mercantile Agency Company, Ltd., have received the. following cablegram from their London house under date 12th inst:—

Wool.—Loudon sales closed firmly on 12lh instant. As compared with last sales’ closing rates the following are higher:—'Merino, about 10 to 15 per cent.; fine crossbred, about 5 per cent.; medium and coarse crossbred, about 10 per cent.; faulty merino, apout 20 per cent. Average current London value of the undernoted descriptions of New Zealand greasy wool: —Good merino 16(1, medium merino 13%d, inferior merino 10%d, fine crossbred 13%d, medium crossbred 9%d, coarse crossbred (36's) 6%d, coarse crossbred (40's) 6d.

AUCKLAND FAT STOCK MARKET.

FURTHER DROP IN PRICES.

Messrs. Alfred Buckland and Sons report that at their weekly fat stock market held on Wednesday at Westfield their supply of beef totalled 527 head, comprising 345 steers, 172 cows and heifers, and one bull. There were many consignments of prime and unfinished cattle, and consequently beef was considerably lower in values. Choice and prime also met with a further drop.

Extra choice ox sold up to £1 16s, choice and prime from £1 10s to £1 14s, ordinary and plain £1 5s to £1 9s, prime young cows and heifer beef £1 3s to £1 12s, ordinary cow beef 15s to £1 Is, rough heef 10s to 14, extra heavy prime steers ranged in prices from £l5 to £l7 10s. The latter price was obtained for two show steers from Mr. Wilfred Johnstone, Beachlea Downs, Papatoetoe. Heavy prime steers changed hands at prices varying between £l3 10s and £l4 15s, lighter prime steers between £ll and £l3, light prime steers between £8 and £lO 10s, plain and unfinished between £4 and £7 10s. An especially heavy prime young cow from Messrs. Bayly Bros., Kaiwai, brought £l6. Heavy prime young cows and heifers ranged from £8 10s to £ll, lighter prime cows and heifers froun £5 10s to £B, other cows £2 to £4 10s.